Nuveen LLC Invests $5.24 Million in Amentum Holdings, Inc. $AMTM

Nuveen LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 287,801 shares of the company’s stock, valued at approximately $5,238,000. Nuveen LLC owned about 0.12% of Amentum as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after acquiring an additional 916 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock valued at $43,000 after purchasing an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company’s stock valued at $58,000 after purchasing an additional 2,178 shares during the last quarter. State of Wyoming increased its holdings in Amentum by 43.3% in the fourth quarter. State of Wyoming now owns 2,756 shares of the company’s stock valued at $58,000 after purchasing an additional 833 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after purchasing an additional 1,383 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMTM. The Goldman Sachs Group upped their price objective on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Citizens Jmp began coverage on Amentum in a report on Monday, May 12th. They issued an “outperform” rating and a $30.00 price objective for the company. Truist Financial upped their price objective on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Finally, Bank of America upped their price objective on Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.30.

Amentum Stock Up 1.3%

Shares of Amentum stock opened at $25.26 on Tuesday. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50. The business has a 50-day moving average of $24.38 and a two-hundred day moving average of $21.52. The company has a market capitalization of $6.15 billion and a P/E ratio of 64.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. The firm’s revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.